Bitcoin Exchange Trading Funds (ETFs) in the US saw $ 94.3 million of total inflows on the last day of February as Crypto's the worst month in three years It ended.
The figure capped eight days of outflow where investors pulled over $ 3.2 billion of these funds as digital asset prices fell.
The Bitcoin IShares Blackrock (IBIT) Trust, the largest Bitcoin ETF -in -controlled assets, was one of the outliers who saw $ 244.6 million in LA -LIFFs on Friday. Meanwhile, other major ETFs, including FBTC Fidelity, came in $ 176 million by investors, while the ARK 21shares Bitcoin ETF saw the largest inflows, bringing back $ 193.7 million, according to FARSIDE INTERNIFUNED DATA.
The inflows came like the cryptocurrency The market began to show signs of recovery After the price of Bitcoin hit $ 78,000 low in the early hours of February 28. Bitcoin is now trading around $ 84,900 after raising 1.6% in the last 24 hours, while the Cindesk 20 wider index rose 0.3% to 2,705.
Over the past week, BTC is still down about 12%, while the wider crypto market, as measured by the CoinDesk 20 index, has fallen by 15.8%. Bitcoin Spot ETFs had been suffering a significant LLWIGN STREAK since February 14, a day when these funds saw $ 66.2 million of inflows.
On the other hand, ether ether has hosted a continuous all -lay streak on the last day of February, with $ 41.9 million leaving these funds. Since their last day with a positive net flow, $ 357.5 million left these funds, according to data from Farside.
Recent recovery comes as the White House announces that US President Donald Trump Hold a Crypto Summit On March 7 and after the world's largest asset manager, Blackrock, Add 1% to 2% allocation From his Bitcoin ETF spot to one of his model portfolios.
Read more: Bitcoin ETF Blackrock sees All -Daily Lifle recording as the basis trade begins to relax